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Stock markets drops with European uncertainty

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    Election results weigh on the market

  • Duration 1:46
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Roughly eight US markets that stocks are sharply lower today as a wave of political uncertainty rattles I -- take a look at the doubt.

One of the biggest declines -- -- in the past month investors are keeping a close eye on Greece.

That's ground zero in the looming debt crisis seeing great Byrd has more on this from -- -- class today great.

I Jenna that's right you know blame it on Europe and you'll probably be right Europe is in trouble not just the usual suspects although the usual suspects are probably no bigger suspecting Greece.

Not a lot of optimism coming out of Greece these days as the head of the radical left coalition tries to.

Put together a government after those elections on Sunday.

The odds of that happening are not very likely this will lead to confusion at best and maybe total chaos now Greeks are tired of austerity and they voted that way the cuts that have been imposed on them in exchange for some 300 intent.

Billion dollars in bailout from the European Union stocks down across.

-- Europe in Greece.

Lowest level in twenty years the stocks -- Greece is certainly the weak -- to question how long it will last in the Euro -- but elsewhere in Europe are in France especially the big question president.

Elect Francois homeland will be taking over in a week for Nicolas Sarkozy.

Or not has insisted that they have to do less with austerity do more on growth the big question is how do you do that.

And how do you do that especially would Germany.

Looking over your shoulder finally -- let's not forget about Italy you know Silvio Berlusconi is gone Mario Monti is in he's a very well respected technocrat.

But he is a limited in his time here and also the first cracks are beginning to show here in Italy Jenna.

So many different dynamics and -- again.

We'll see what the next couple weeks must look like great thank you very much.